Detroit MI Multi Family for Sale
- Type:
- Multi-Family
- Sq.Ft.:
- 3,828
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.11 Acres
- Year built:
- 1925
- Baths:
- MLS#:
- 70417140
ADDITIONAL INFORMATION
Seize this incredible investment opportunity with a multifamily property located in a highly desirable suburb of Detroit. This great income-producing property is priced to sell and offers substantial returns on investment.Key Features:4 UNIT WITH 2 BDRMS EACHLocation: Situated in a good suburb of Detroit, providing a prime location for tenants seeking suburban living with easy access to the city's amenities.Income-Producing: This multifamily property is designed to generate consistent rental income, making it an ideal addition to your investment portfolio.Affordable Pricing: Priced at a low cost, this property offers significant value and potential for appreciation.Land Bank Terms: Subject to land bank terms, providing a unique investment opportunity with potential incentive
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.08 Acres
- Year built:
- 1919
- Baths:
- MLS#:
- 70417146
ADDITIONAL INFORMATION
Seize this incredible investment opportunity with a multifamily property located in a highly desirable suburb of Detroit. This great income-producing property is priced to sell and offers substantial returns on investment.Key Features:Location: Situated in a good suburb of Detroit, providing a prime location for tenants seeking suburban living with easy access to the city's amenities.Income-Producing: This multifamily property is designed to generate consistent rental income, making it an ideal addition to your investment portfolio.Affordable Pricing: Priced at a low cost, this property offers significant value and potential for appreciation.Land Bank Terms: Subject to land bank terms, providing a unique investment opportunity with potential incentives and benefits.
$19,900
5335 ALLENDALE Detroit, MI 48204
- Type:
- Multi-Family
- Sq.Ft.:
- 3,436
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.12 Acres
- Year built:
- 1923
- Baths:
- 4.00
- MLS#:
- 60319141
- Subdivision:
- SECURITY LAND COS (PLATS)
ADDITIONAL INFORMATION
Attention Investors check out this latest offering from the Detroit Land Bank Authority! Welcome to an incredible investment opportunity in the Midwest neighborhood! This two-story full brick colonial property boasts over 3000 square feet of potential, offering versatile living spaces across four units. This property presents a unique opportunity for restoration and renovation, allowing you to unleash its full potential. Please note that the DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests
$319,900
392 PHILIP Detroit, MI 48215
- Type:
- Multi-Family
- Sq.Ft.:
- 2,570
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.1 Acres
- Year built:
- 1923
- Baths:
- 3.00
- MLS#:
- 60318153
- Subdivision:
- AVONDALE (PLATS)
ADDITIONAL INFORMATION
Newly renovated duplex located in Jefferson Chalmers neighborhood located directly adjacent to the Detroit River. Upper unit is a 3 bedroom 2 full bath unit with a large terrace. The master bedroom has an en suite bathroom, and the kitchen is nice size and very large perfect for entertaining. The lower unit is also a nice size and fully updated as well. Both units have a large private outdoor space off the living room. Perfect opportunity or an investor looking for a turn key product or a home buyer looking to house hack.
$1,799,900
19143 BERG Detroit, MI 48219
- Type:
- Multi-Family
- Sq.Ft.:
- 39,816
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 1.26 Acres
- Year built:
- 1963
- Baths:
- 48.00
- MLS#:
- 60317356
- Subdivision:
- MORE THAN ONE LEGAL INVOLVED
ADDITIONAL INFORMATION
Lucrative Investment Opportunity: Well-Established 40-Unit Apartment Building! *Call for Offers for Monday July 1st at 3 pm.* Seeking a stable and profitable investment? Look no further than this exceptional 40-unit apartment complex located in Detroit. The property boasts a strong rental history and excellent income potential. Currently generating a gross annual income of approximately $324,000 with a projected Net Operating Income (NOI) of $227,000 for 2024, this investment offers proven performance. There's also significant value-add opportunity: reach full capacity and unlock even greater income. Projected gross income upon full occupancy is $432,000. The complex caters to a wide range of renters with a diverse unit mix of spacious 2-bedroom townhouses (8 units), regular 2-bedroom units (8 units), and efficient 1-bedroom units (24 units). Landlord currently covers water, gas, and electric. Don't miss out on this income-generating gem! Showings require advanced notice to respect current tenants. Contact us today to schedule a showing and learn more about this opportunity in a desirable location. Proof of funds and/or financing is required to schedule a showing.
$38,000
2223 GRAY Detroit, MI 48215
- Type:
- Multi-Family
- Sq.Ft.:
- 2,112
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.1 Acres
- Year built:
- 1924
- Baths:
- 2.00
- MLS#:
- 60316923
- Subdivision:
- DANIEL J CAMPAUS (PLATS)
ADDITIONAL INFORMATION
Duplex on Detroit's East Side located in the Riverbend Neighborhood. Just North of Jefferson Chalmers. Each unit features 3 bedrooms and 1 bathroom. Located on a block with newer side by side townhouses. Perfect for all buyers. BUYER TO PAY $495 PROCESSING FEE TO LISTING BROKER.
$145,000
5271 DREXEL Detroit, MI 48213
- Type:
- Multi-Family
- Sq.Ft.:
- 1,892
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.08 Acres
- Year built:
- 1928
- Baths:
- 2.00
- MLS#:
- 60315652
- Subdivision:
- PARKSIDE MANOR
ADDITIONAL INFORMATION
Income generating duplex in progressive up and coming neighborhood. Updated modern bathrooms and kitchens. Newer kitchen cabinets. Hardwood floors throughout both units. Updated electrical. Updated plumbing. Newer roof. Long term month to month cash tenants who would like to stay. Each unit consists of a living room, dining room, renovated kitchen, renovated bathroom and two bedrooms. The perfect property for a new investor or seasoned investor looking for a high ROI. DO NOT DISTURB TENANTS. DO NOT APPROACH TENANTS.
$189,000
2135 LAKEWOOD Detroit, MI 48215
- Type:
- Multi-Family
- Sq.Ft.:
- 2,724
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.14 Acres
- Year built:
- 1922
- Baths:
- 2.00
- MLS#:
- 60314766
- Subdivision:
- ONEIDA BLVD
ADDITIONAL INFORMATION
Solid brick Upper / Lower on Detroit's lower east side. Updated kitchen and bath in both units. Hardwood floors. Fireplace. Vinyl windows. Spacious 3 bedroom units. Both units rented to performing tenants. Current rent 1100 / month per unit. Located mere blocks from the Detroit / Grosse Pointe border. No showings prior to accepted offer. Leases and ledgers available upon request.
$345,000
1645 TAYLOR Detroit, MI 48206
- Type:
- Multi-Family
- Sq.Ft.:
- 2,668
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.09 Acres
- Year built:
- 1916
- Baths:
- 2.00
- MLS#:
- 60314578
- Subdivision:
- STOTTS SUB (PLATS)
ADDITIONAL INFORMATION
**INVESTORS** This Virginia Park 2-family property has been completely remodeled from top to bottom and is ready for its new owner! The property features two units, each w/ 1,274 sq. ft., 3 bedrooms, 1 bathroom, a spacious living room, dining room, and kitchen! The upper unit is currently leased @ $1,700/month through 8/31/2025 and the lower unit is rented for $1,400/month thru 9/30/2024! The kitchens feature white shaker cabinets, butcher block counter-tops, and will include a full suite of stainless steel appliances, while the bathrooms feature beautiful new tile, trendy fixtures, and a large double vanity! The 2nd floor unit features a massive, additional room on the 3rd floor that would be perfect for a home gym, office, or entertainment room! Other updates include all-new romex wiring, a new 3D architectural shingle roof, new vinyl windows, new PEX & PVC plumbing, forced air heating, electric on-demand water heaters, beautifully refinished hardwood floors, and so much more! Small 1-car garage is located out back off of the alley. Gas and electric are metered separately, water is on 1 meter. Located less than 1/4 mile from the neighborhood hot spot, The Congregation, as well as close to New Center and all that it has to offer! You can enjoy the summer evenings on an expansive, covered front porch or upper unit balcony, and the vacant lots across the street may be available for purchase from the Detroit Land Bank! Finally, the La Salle Gardens/Virginia Park neighborhoods are some of the fastest growing areas of the city, with over $3.5 BILLION in developments slated to happen over the next 5 years! No FHA at this time. NO SELLER FINANCING.
$34,900
1987 RICHTON Detroit, MI 48206
- Type:
- Multi-Family
- Sq.Ft.:
- 1,818
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.07 Acres
- Year built:
- 1924
- Baths:
- 2.00
- MLS#:
- 60314550
- Subdivision:
- MONTEREA (PLATS)
ADDITIONAL INFORMATION
**OPPORTUNITY** Investors, here is your next rehab project! Turn this 2 unit property into a cash flow machine; each unit features a spacious living room, dining room, kitchen, bathroom, and 2 bedrooms! The property did have a relatively small fire in one of the upper bedrooms but the damage was contained. The property does have hardwood flooring that may be salvageable, forced air heating, and some vinyl windows in the first floor unit that could probably be saved! Sec 8 rents for a property like this should be $1,100-1,200/month per unit, with cash paying tenants paying slightly less. Located in the 48306 zip code where there are too many redevelopment and development projects to list! Quick access to M-10 so 10 minutes or less to downtown! NO SELLER FINANCING, CASH OR HARD MONEY ONLY
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.15 Acres
- Year built:
- 1927
- Baths:
- MLS#:
- 70412009
ADDITIONAL INFORMATION
Great investment opportunity! Newly updated 20 unit occupied apartment building with leases in place in a convenient location. Find your way downtown in less 10 minutes or to midtown in just 5 minutes!The building comes with ample parking in an attached concrete lot directly next to building. The entire building has been rental certified and has passed lead inspection by the city of Detroit. There are 10 one bedroom units and 10 studio units. The majority of all units have newer flooring, paint, and lighting. All unit doors have are equipped steel doors with keyless/digital entry as well as deadbolt locks. All units have their own electric meter along with heating and cooling units. Each unit is separately metered. All tenant pay thier own electric bills. All one bedroom units have new
$22,000
3774 W BOSTON Detroit, MI 48206
- Type:
- Multi-Family
- Sq.Ft.:
- 3,794
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.1 Acres
- Year built:
- 1924
- Baths:
- 5.00
- MLS#:
- 60313685
- Subdivision:
- MC QUADES DEXTER BLVD (PLATS)
ADDITIONAL INFORMATION
Welcome to the latest offering from the Detroit Land Bank Authority. 4 unit brick Quadruplex in an up and coming development area. Property also includes 2 vacant lots 3784 and 3766 W. Boston on either side of the building for even more expansion possibilities. Show with caution because property needs a complete rehab. Vacant lots bundled with structures need to show a minimal design for example, someone may indicate they are fencing and putting benches and some bushes. They do need to show a diagram as indicated in the plot plan example #1 on page 5 of 20. Please note that the Detroit Land bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and/or lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing. Please refer to DLBA proposal guidelines
$99,000
4463 23RD Detroit, MI 48208
- Type:
- Multi-Family
- Sq.Ft.:
- 1,545
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.1 Acres
- Year built:
- 1895
- Baths:
- 2.00
- MLS#:
- 60309740
- Subdivision:
- GROSFIELD & SCANLONS SUB OF LOT 525 (PLATS)
ADDITIONAL INFORMATION
Investor special listed in Detroit's up & coming CORE CITY. This multi family home features a upper & lower level which includes: 2 bedrooms, a living room, kitchen, dining room, & bath. Close to train station, restaurants, & newer developments. *** The vacant lot at 4469 is also included. As-is sale. Buyer to assume all repairs & inspections.
$174,999
3775 VIRGINIA PARK Detroit, MI 48206
- Type:
- Multi-Family
- Sq.Ft.:
- 2,576
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.09 Acres
- Year built:
- 1914
- Baths:
- 2.00
- MLS#:
- 60309732
- Subdivision:
- HOOKERS
ADDITIONAL INFORMATION
DUPLEX... INCREDIBLE OPPORTUNITY... Price Just Adjusted!!!. Own a cash flow property! Live in one unit, or lease the other. Lower level has three bedrooms, studio or den. All levels have separate entrances with doors that can lock. Two newer furnaces and HWT(2021). New 3D roof and updated electrical. Newer windows throughout kitchen and a full bath. Upper level has 2 bedrooms, a kitchen and a full bath. Third level is unfinished but can be used as storage for each unit. Area is growing and many homes are being renovated. Get in early to catch the appreciation, build equity and cash flow. BATVAI
$113,900
11517 STOEPEL Detroit, MI 48204
- Type:
- Multi-Family
- Sq.Ft.:
- 2,108
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.08 Acres
- Year built:
- 1926
- Baths:
- 2.00
- MLS#:
- 60309398
- Subdivision:
- FOLEY FARM SUB (PLATS)
ADDITIONAL INFORMATION
Fully Renovated Brick Multi-Unit Home This beautifully updated multi-unit property features a fully renovated brick exterior and modern interior. Highlights include: Sectional Basement for added storage and utility space. New Vinyl Planking throughout for a durable and stylish flooring solution. Updated Kitchens & Bathrooms with contemporary finishes. Separate, Newer Furnaces & Hot Water Tanks to ensure efficiency and comfort. Newer Windows that improve insulation and curb appeal. Brand New Heating Ducts for better air circulation. Updated Plumbing for reliability and peace of mind. Income-Generating Upper Unit: Currently leased, providing a steady source of income. Located in a great family neighborhood, you can choose to live in the lower unit or lease it out for additional income. This property is perfect for both investors and homeowners looking to benefit from rental income!
$19,900
13505 GREINER Detroit, MI 48205
- Type:
- Multi-Family
- Sq.Ft.:
- 3,060
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.15 Acres
- Year built:
- 1946
- Baths:
- 4.00
- MLS#:
- 60308566
- Subdivision:
- TROMBLEY PK
ADDITIONAL INFORMATION
Attention Investors check out this latest offering from the Detroit Land Bank Authority! Fire Damaged Property! Welcome to an incredible investment opportunity in the Von Steuben neighborhood! This two-story full brick colonial property boasts over 3000 square feet of potential, offering versatile living spaces across four units. This property presents a unique opportunity for restoration and renovation, allowing you to unleash its full potential. Each unit features two bedrooms and one full bath, providing comfortable living spaces for tenants. Please note that the DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests
$85,000
7189 WEBB Detroit, MI 48204
- Type:
- Multi-Family
- Sq.Ft.:
- 2,139
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.09 Acres
- Year built:
- 1925
- Baths:
- 2.00
- MLS#:
- 60308499
- Subdivision:
- WALTER W ALLENS SUB (PLATS)
ADDITIONAL INFORMATION
Brick Colonial Multifamily 3 down 2 up INVESTOR SPECIAL!!! Located on the same street as The Union Carpenters And Millwrights Skilled Training Center near the NEW 60,000 square foot, Merit Park Recreation / Fitness Center Project on Grand River / 96 service drive also the NEW Joe Lewis Greenway 27.5 mile bike and walking trail...this is next to it all. Each unit has 2 bedrooms, entry unity has an extra sunroom back porch amenity with own private entrance and the upper unit has an upper balcony amenity for their enjoyment. Upper unit with pass-through bedroom to bathroom access. Forced air heating with separate furnace / heating controls for each unit. Newer model 3 dimensional design roof, some newer model windows also new electric and new basement piping redone. Each unit has a sizable kitchen with separate dining area outside of kitchen. Building has accessible attic area that could be converted into another livable area or unit with the proper City approved build out. Located near The Queens Community Workers Home of Love Center, Michigan International Prep, Hope of Detroit Academy, The Motown Museum, Henry Ford Hospital, city parks, public transportation, major highways, grocers, dining and other merchants of convenience. A few blocks from Historic Grand River Avenue making it a 10 minute straight route to the Downtown Detroit area. Do not approach home without licensed agent and prior appointment. Contact your agent today for a showing, 48 hour advanced notice is required, owner asks for proof of funds with verbal offer prior to access, please call about earlier appointment details. Home being sold "As Is" with warranty deed transfer. Buyer representative to verify all information and water read ~ BATVAI ~ 495 office transaction fee buyer payable at closing.
$110,000
9152 DEVONSHIRE Detroit, MI 48224
- Type:
- Multi-Family
- Sq.Ft.:
- 1,704
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.11 Acres
- Year built:
- 1929
- Baths:
- 3.00
- MLS#:
- 60304953
- Subdivision:
- MORANGS THREE MILE DR ANNEX SUB (PLATS)
ADDITIONAL INFORMATION
**CASH ONLY** PHENOMENAL OPPORTUNITY TO OWN A MULTIFAMILY PROPERTY IN THE CITY. (2) UNIT BRICK PROPERTY LOCATED IN AN UP AND COMING NEIGHBORHOOD. RENT OUT BOTH UNITS AND GENERATE AT LEAST $1800 PER MONTH IN GROSS INCOME. OR LIVE IN ONE UNIT AND RENT OUT THE OTHER. HERE IS YOUR CHANCE!
$130,000
12397 STOEPEL Detroit, MI 48204
- Type:
- Multi-Family
- Sq.Ft.:
- 2,400
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.09 Acres
- Year built:
- 1927
- Baths:
- 2.00
- MLS#:
- 60304253
- Subdivision:
- ROBERT OAKMANS FORD HWY & GLENDALE (PLATS)
ADDITIONAL INFORMATION
Freshly renovated 2 family house on great block near Livernois. All new windows throughout. Updated kitchen and bathroom. Move in ready. Great investment opportunity or live in one unit and rent out the other unit. Each unit is 3 bedrooms and 1 bathroom. Upper unit and lower unit. Common water meter. Buyer's agents are welcome.
$650,000
4322 W VERNOR Detroit, MI 48209
- Type:
- Multi-Family
- Sq.Ft.:
- 4,500
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1909
- Baths:
- 4.00
- MLS#:
- 60303939
- Subdivision:
- SCOTTEN & LOVETTS SUB ALL PT PC 267 268 & 270
ADDITIONAL INFORMATION
Be in the Middle of It All in Southwest Detroit. This Fourplex is the perfect Handy Man's Special to turn into you own. This Diamond in the Rough is Right Across the Street From Clark Park, convenient to Restuarants, Shopping, Freeways and minutes from Downtown Detroit. This is an Estate Situation and property shares TAX ID w/Other properties. will be split prior to sale. BATVAI. Please Call Agent w/Any Questions.
$150,000
3101 CANTON Detroit, MI 48207
- Type:
- Multi-Family
- Sq.Ft.:
- 4,282
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.1 Acres
- Year built:
- 1921
- Baths:
- 4.00
- MLS#:
- 60303860
- Subdivision:
- MILLS SUB NO 3 (PLATS)
ADDITIONAL INFORMATION
3101 Canton is a solid brick, four-unit building in the Islandview neighborhood of Detroit, adjacent to West Village, Indian Village and nearby Belle Isle. Each unit is roughly 1,000 square feet with a two-bedroom, one-bathroom layout.
$9,900
4600 MORAN Detroit, MI 48207
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.23 Acres
- Year built:
- 1890
- Baths:
- 2.00
- MLS#:
- 20240024454
- Subdivision:
- SUB OF PART OF RC OF PC NO 182 (PLATS)
View additional info
Courtesy: Bellabay Realty Tri Counties
248-274-6614
ADDITIONAL INFORMATION
Investment opportunity in this multi-family located near Detroit's Poletown East neighborhood, near Warren Meldrum Park, Callahan Playground, and Faygo Beverages! Estimated rehab 223$k. Sale contingent on buyer/seller executed development agreement. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the five tax years subsequent to transferring ownership of the property. The tax capture might be incompatible with tax abatements and lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.08 Acres
- Year built:
- 1923
- Baths:
- 2.00
- MLS#:
- 20240024507
- Subdivision:
- ROBERT OAKMANS TWELFTH ST (PLATS)
View additional info
Courtesy: Bellabay Realty Tri Counties
248-274-6614
ADDITIONAL INFORMATION
Here's your opportunity to own this great 2 family unit located close to the Boston/Edison District, Downtown and Universities. Sale contingent on buyer/seller executed development agreement. POF documentation MUST be presented with proposal ( not just stated in the proposal), development timelines and offer amounts MUST be included in the proposals. Renovation experience whether DLBA or not, MUST include addresses and BEFORE/AFTER photos. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.1 Acres
- Year built:
- 1928
- Baths:
- 5.00
- MLS#:
- 20240024323
- Subdivision:
- THE MC ERLANE JOY RD SUB (PLATS)
View additional info
Courtesy: Bellabay Realty Tri Counties
248-274-6614
ADDITIONAL INFORMATION
Property needs a full rehab top to bottom, but don't let that scare you away!! This 5 unit is looking for the right investor and will certainly turn a profit on this corner lot with great potential. Sale contingent on buyer/seller executed development agreement. All offers must be supported by proof of funds for both purchase price and construction costs. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.
$650,000
MCGRAW Street Detroit, MI 48208
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.38 Acres
- Year built:
- 1920
- Baths:
- 27.00
- MLS#:
- 20240020791
- Subdivision:
- BELA HUBBARDS SUB L5 P46 PLATS
View additional info
Courtesy: Re/Max Connection
248-505-2509
ADDITIONAL INFORMATION
AMAZING REDEVELOPMENT OPPORTUNITY ON THIS 27 UNIT BUILDING IN THE GRAND BLVD/ MCGRAW CORRIDOR. WEST OF WAYNE STATE, WOODBRIDGE, NW GOLDBERG AND SOUTH OF CORKTOWN. MANY DEVELOPMENTS PLANNED IN THE AREA. THE BUILDING NEEDS A FULL REHAB. GREAT UNIT MIX AND GENEROUS APARTMENTS SIZES. ADDITIONAL SPACE IN THE LOWER LEVEL TO ADD UNITS. SELLER HAS PLANS FOR AN ADDITIONAL NEW 38 UNIT BUILDING AND SEVERAL TRI PLEXES NEXT DOOR. Expenses estimated at 6% mgmt fee = $19,872. Taxes $20,000. Insurance $15,000. Rehab estimated at $1 Million. Total $1,675 Million (16.7 Cap)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2025 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2025 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. This IDX information is from the IDX program of RealComp II Ltd. and is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX provided courtesy of Realcomp II Ltd., via Xome Inc. and Realcomp II Ltd., copyright 2025 Realcomp II Ltd. Shareholders.
Detroit Real Estate
The median home value in Detroit, MI is $91,000. This is lower than the county median home value of $150,200. The national median home value is $338,100. The average price of homes sold in Detroit, MI is $91,000. Approximately 36.89% of Detroit homes are owned, compared to 39.44% rented, while 23.66% are vacant. Detroit real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Detroit real estate agent to arrange a tour today!
Detroit, Michigan has a population of 645,658. Detroit is less family-centric than the surrounding county with 15.74% of the households containing married families with children. The county average for households married with children is 25.56%.
The median household income in Detroit, Michigan is $34,762. The median household income for the surrounding county is $52,830 compared to the national median of $69,021. The median age of people living in Detroit is 35 years.
Detroit Weather
The average high temperature in July is 83.5 degrees, with an average low temperature in January of 18.5 degrees. The average rainfall is approximately 33.5 inches per year, with 33 inches of snow per year.